1420 Ringling AveJohnstownPA15902
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Johnstown at 1420 Ringling Ave, Johnstown, PA, 15902 uses $34,808 cash to close to unlock $1,534/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $816/mo, and a $514/mo payment keeps the spread at $128/mo. Purchase price stands at $105,000, and rental yield measures 9.33% with $816/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 126.98% and total cumulative return in cash records $44,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $816/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1931
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15902, Johnstown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 3,021 (48.0%) |
| Renter Occupied HU | 1,889 (30.0%) |
| Vacant Housing Units | 1,389 (22.1%) |
| Median Home Value | $71,028 |
| Average Home Value | $114,461 |
Housing Distribution
Address Breakdown
Residential
4,971
Single Family
4,604
Multi-Family
367
Businesses
225
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Listed by: Christine Laboon • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1712458